Summit Investment Advisors Inc. trimmed its position in VanEck Intermediate Muni ETF (BATS:ITM – Free Report) by 7.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,395 shares of the company’s stock after selling 1,210 shares during the quarter. Summit Investment Advisors Inc.’s holdings in VanEck Intermediate Muni ETF were worth $701,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in ITM. Mattson Financial Services LLC acquired a new position in VanEck Intermediate Muni ETF in the first quarter worth $32,000. Keystone Global Partners LLC acquired a new stake in shares of VanEck Intermediate Muni ETF during the first quarter worth $47,000. AlphaCore Capital LLC bought a new position in shares of VanEck Intermediate Muni ETF in the 1st quarter worth about $48,000. Ameritas Advisory Services LLC acquired a new position in shares of VanEck Intermediate Muni ETF in the 2nd quarter valued at about $54,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of VanEck Intermediate Muni ETF by 9.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 5,242 shares of the company’s stock valued at $238,000 after buying an additional 445 shares during the period.
VanEck Intermediate Muni ETF Trading Up 3.3%
ITM opened at $47.07 on Thursday. The company’s 50-day moving average price is $46.76 and its 200 day moving average price is $45.83. VanEck Intermediate Muni ETF has a fifty-two week low of $43.42 and a fifty-two week high of $47.01.
About VanEck Intermediate Muni ETF
The VanEck Intermediate Muni ETF (ITM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of investment grade, tax-exempt US municipal bonds with nominal maturities of 6-17 years. ITM was launched on Dec 4, 2007 and is managed by VanEck.
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